Extra Space Storage Inc (EXR, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth prospects. With its shares currently priced at $154.79, despite a daily loss of 1.14%, the company has shown a notable three-month gain of 12.63%. A detailed analysis, supported by the GF Score, indicates that Extra Space Storage Inc is poised for significant future growth.
Understanding the GF Score
The GF Score is a proprietary ranking system developed by GuruFocus, which evaluates stocks based on five key aspects of valuation. These aspects have been proven to correlate closely with long-term stock performance from 2006 to 2021. Stocks with higher GF Scores typically yield better returns than those with lower scores. The GF Score ranges from 0 to 100, with 100 representing the highest potential for outperformance. For Extra Space Storage Inc, the GF Score is an impressive 92 out of 100, highlighting its strong potential for market outperformance.
- Financial strength rank: 4/10
- Profitability rank: 9/10
- Growth rank: 10/10
- GF Value rank: 7/10
- Momentum rank: 7/10
Company Overview
Extra Space Storage Inc, with a market cap of $32.77 billion and annual sales of $2.86 billion, operates as a fully integrated real estate investment trust. It owns, operates, and manages nearly 3,700 self-storage properties across 42 states, encompassing over 280 million net rentable square feet. Approximately half of these properties are wholly owned, with the remainder managed through joint ventures or third-party arrangements, enhancing its revenue through management fees.
Profitability and Growth Metrics
Extra Space Storage Inc stands out with a Profitability Rank of 9/10, demonstrating superior efficiency in generating profits compared to its peers. The company's Gross Margin has consistently increased over the past five years, with recent figures showing a rise from 72.07% in 2019 to 73.80% in 2023. This trend highlights the company's effectiveness in converting revenue into profit.
Ranked highly in Growth, Extra Space Storage Inc has a 3-Year Revenue Growth Rate of 13.1%, outperforming 78.58% of companies in the REITs industry. The company's EBITDA has also seen significant growth, with a three-year growth rate of 14.4%.
Conclusion
Considering Extra Space Storage Inc's robust financial strength, impressive profitability, and consistent growth metrics, the GF Score underscores the company's exceptional position for potential market outperformance. Investors looking for similar opportunities can explore more companies with strong GF Scores through the GF Score Screen.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
